Paulson Wealth Management Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,465 shares of the home improvement retailer’s stock after purchasing an additional 62 shares during the quarter. Home Depot comprises 0.3% of Paulson Wealth Management Inc.’s portfolio, making the stock its 26th largest position. Paulson Wealth Management Inc.’s holdings in Home Depot were worth $738,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Rinkey Investments purchased a new stake in Home Depot in the fourth quarter worth about $25,000. Shore Point Advisors LLC purchased a new stake in Home Depot in the fourth quarter worth about $26,000. Tobam purchased a new stake in Home Depot in the first quarter worth about $27,000. Barnett & Company Inc. grew its holdings in shares of Home Depot by 173.1% during the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 45 shares during the last quarter. Finally, TFO TDC LLC purchased a new stake in shares of Home Depot during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 70.61% of the company’s stock.
Home Depot Stock Up 0.5 %
HD opened at $306.59 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The company has a market capitalization of $315.10 billion, a PE ratio of 19.47, a PEG ratio of 2.00 and a beta of 0.98. The firm’s 50 day simple moving average is $288.95 and its two-hundred day simple moving average is $315.25.
Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating the consensus estimate of $3.67 by $0.42. The firm had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $3.86 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 16.43 EPS for the current year.
Home Depot Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 annualized dividend and a dividend yield of 2.48%. Home Depot’s payout ratio is 48.25%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Gordon Haskett cut shares of Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Evercore ISI cut their price target on shares of Home Depot to $360.00 in a report on Thursday, June 9th. Citigroup increased their price target on shares of Home Depot from $327.00 to $348.00 in a report on Friday, May 20th. Finally, MKM Partners began coverage on shares of Home Depot in a report on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 target price on the stock. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $368.45.
In other news, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the sale, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Becker Caryn Seidman acquired 1,500 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were purchased at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $431,595. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares in the company, valued at $3,248,052.90. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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